The Lake Renown project will take advantage of both centralized and decentralized procurement stratigies. These initiatives put Lake Renown procurement at the heart of best practices and continuous improvement. The Project and it's sponsor, Jan Palmen, are committed to investing in the local economy as permitted by govrnmrnt regulations and applicable law. Lake Renown is committed to a comprehensive procurement program focused on supporting the best quality and scheduling standards.
Team leads are authorized to procure any items that are considered consumable with a cost of less than $5,000. per purchase with a limit of $30,000. per month. Any purchase(s) that exceeds the $5,000. limit or a purchase that elevates the total expenditures above $30,000. in a 30 day period will need prior approval of the Project Manager or his designee.